It was approximately 1997 and I was working for a major bank. We were asked to finance the cutest one floor plans with a bow window for approximately $99,900. These beautiful homes are now getting close to $400,000. It was built with great vision. It was an adult lifestyle community. It was 20 Place, Villages of Glancaster. Needless to say, I did not see where the future was headed. It is quite evident to me now.

I was forced to think about senior housing when my mom was forced into a long-term care facility. According to people I talk to at Wentworth Heights, there is a five-year wait for long-term care in that building. The retirement area of the same building is 10 stories and guess what, they are full.

Demographically the baby boomers are the richest cohorts and guess what, they have money. The many who sell their homes and don’t need assisted-living, want to downsize with like-minded people who want an upscale residential community with a hospitality feeling.

Future adult living arrangements will include:

• Hardwood floors
• Marble countertops
• State of the art technology
• A country club feeling
• Fitness centers
• Meeting rooms and activities
• Café
• Medical access

As Canadians are living longer, they will change the description of senior living. Money talks and future adult homes will include not only the real estate aspect, but social and hospitable areas to end their golden years. This I am certain of. I just wish I would have thought of this years ago!

Robert is a licensed mortgage agent and financial planner at Mortgage Architects located in Hamilton, Ontario and serving Toronto and all of Ontario.

He can be contacted at 905-574-9200 Ext. 215 OR by email at mortgages@robertfloris.com.

Apply online at https://application.malink.ca:8112/App/MARC/FLORISR/en-ca/1896 with absolutely no pressure and no obligation.

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